Kenvue Inc. (KVUE) May 2026 Annual General Meeting Transcript

Welcome to Kenview, Inc.'s 2026 Annual Meeting of Shareholders. I'd like to introduce Larry Brown, Chair of the Board of Directors.

Well, good morning, everyone, and thank you for joining us today. It is my pleasure to welcome you to Kenview's 2026 Annual Meeting of Shareholders. This meeting is now officially called to order. It is just past 9 a.m. Eastern Time, and the polls are now open. I would like to take a moment to introduce the other members of our Board of Directors with us today, all of whom are nominated for election at today's meeting. Their backgrounds and experiences are described in more detail in our proxy statement. Kirk Perry, Ken View's Chief Executive Officer. Richard Allison, former CEO and Director, Domino's Pizza. Simantini Goodball, EVP Chief Digital and Information Officer, Lowe's Companies. Melanie Healy, former Group President of the Procter & Gamble Company and Chair of Kenview's Nominating Governance and Sustainability Committee. Sarah Hofstetter, former President of Profitero. Betsy Holden, former Co-CEO of Kraft Foods and Chair of Kenview's Compensation and Human Capital Committee. Erica Mann, former Global President, Consumer Health of Bayer AG. Kathy Paulus, retired partner, Ernst & Young. Hassan Prabhu, former Vice Chairman and Chief Financial Officer of Visa and Chair of Kenview's Audit Committee. Jeffrey Smith, Managing Member, CEO and CIO of Starboard Value. and Michael Snead, former EVP, Corporate Affairs, and Chief Communications Officer, Johnson & Johnson. In addition to Kirk, I'm joined today by other members of Kenview's management team, including Matt Orlando, General Counsel, and Alav Berenstein, Vice President, Corporate Secretary. In addition, Martin Foley is here from PricewaterhouseCoopers, Kenview's independent registered accounting firm. Linda Piscadlo from Broadridge Financial Solutions is also present and is serving as the inspector of elections for today's meeting. I will now turn the meeting over to Ala, who will act as secretary for today's meeting and proceed with the official business on the agenda. Ala?

Thank you, Larry, and good morning, everyone. To ensure the meeting proceeds in an orderly fashion, we ask that you please review and follow the rules of conduct for the meeting, which are available in the meeting materials section of the virtual meeting website. I have received an affidavit of mailing from Broadridge Financial Solutions certifying as to the giving of notice of this meeting to shareholders of record as of March 23, 2026. I have also been informed by the Inspector of Elections, who has previously taken the oath as Inspector of Elections at this meeting that at least 1,627,633,233 shares, representing 84.7% of the votes entitled to be cast at this meeting, are present by proxy, representing a quorum. As proper notice has been given and the necessary quorum is present, this meeting is duly convened and can proceed. As a reminder, the polls are open and shareholders who have logged into the virtual meeting using their 16-digit control number can vote online until the closing of the polls by clicking the Vote Here button on the virtual meeting website. If you have previously submitted your vote by proxy, your vote will be cast as previously instructed and there is no need to vote now unless you would like to change your vote. We will close the polls after the proposals have been presented. I will now move to the proposal. The formal business of this annual meeting consists of three proposals. The first proposal to come before the meeting is the election of directors to serve on the board of directors until our next annual meeting of shareholders and until their respective successors are duly elected and qualified. Each of the 12 director nominees is described in our proxy statement and was introduced earlier in today's meeting. The Board recommends a vote for each Director nominee. The second proposal asks shareholders to approve on a non-binding advisory basis, named Executive Officer Compensation. The Board recommends that shareholders vote for the advisory vote to approve named Executive Officer Compensation. The third proposal asks shareholders to ratify the appointment of PricewaterhouseCoopers LLP as Kenview's independent registered public accounting firm for fiscal year 2026. The Board recommends that shareholders vote for the ratification of PricewaterhouseCoopers LLP's appointment. The polls will close shortly. We'll pause for a moment to give anyone who has not yet passed their vote an opportunity to do so now.

The time is now 9.06 a.m.

Eastern Time, and the polls are now closed. The Inspector of Elections has delivered her preliminary report and the preliminary results indicate that each of the 12 director nominees has been elected to the board. The non-binding advisory vote to approve named Executive Officer Compensation has been approved. The appointment of PricewaterhouseCoopers LLP as Kenview's independent registered public accounting firm for 2026 has been ratified. We will report the final results in a current report on Form 8K filed with the Securities and Exchange Commission within four business days of this meeting. I will now turn it back over to the Chair of the Board, Larry.

Thank you, Alaa. This concludes the formal business of the meeting, and this year's Annual Meeting of Shareholders is now adjourned. Thank you.

This concludes today's call. Thank you for participating. You may now disconnect.